Technical analysis AUDJPY for 08.06.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 95.575. The closest resistance is the level 96.500

Key levels

• 97.125, 96.500, 95.575, 95.075, 94.475

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 95.575, with Take Profit of 96.500 and Stop Loss of 95.075

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 95.075, with Take Profit of 94.475 and Stop Loss of 95.575